Building a new ADU will put you in a more “negative equity position” than converting a garage for example, which only cost <200 per sq ft.  

We converted to a self-service model a few months after we took over, which has substantially reduced the workload. 

I need to convert it to a business checking, but have not done so yet.

If the didn't do that then they have converted to LTR or MTR rentals at a steady monthly income and have the tenants take over the utilities which offsets the loss of more income.

You could convert them to a DSCR loan but then transfer them to a LLCWhat we have done is save for down payments and renovation costs, - buy properties that need work rehab them and then refinance them out making sure it meets our dti.

That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.

I’ve seen several three unit buildings in weehawken recently converted.

Remember multiple touches is how you convert leads to closed sales.Related: 50 Questions real estate agents should ask potential hiring brokers.PROSPECTING & LEAD GENERATIONAs a new real estate agent you will need to spend the majority of your time on prospecting and lead generation.

So I get a ton of traffic from other investors copying my stuff without them converting into a lead right?

I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.